Real Estate Updates

To say that real estate is a hot topic around these parts is quite the understatement. Politicians make it a major talking point of their campaigns, while citizens bemoan the market – or cheer it on, depending on who you are. All talk aside though, what is really happening with Corvallis housing?

As of December there were 106 active listings, which is up significantly from the same time in 2017 when there were just 79. The most popular price for houses in these listings was over $600,000, with a grand total of 24 houses falling in this category. Just below you had 23 homes listed between $500,000 and $600,000, and 23 between $300,000 and $400,000. There were only three houses listed between $150,000-$200,000, which probably doesn’t come as a shock anymore.

The increase of listings seems to have been met with an increase in sales, as 102 houses sold during 2018, as compared to 93 the previous year. The most popular price range was between $300,000 and $400,000, resulting in 39 houses sold. The next most common bracket was between $400,000 and $500,000, which amounted to 24 sales.  It’s important to note that houses are managing to sell for between 98 and 100 percent of their listing price, with the majority being 99 to 100. Unlike a lot of markets, the price you see in Corvallis is very close to what you will end up paying if you do decide to buy (or sell).

By Jonah Anderson